Tax
Tax News & IRS Insights for Accounting Professionals
Accounting Today delivers news and analysis for accounting and tax professionals on federal and state tax developments, IRS guidance,information reporting, and operational implications for practices and clients. Our coverage focuses on legislative and procedural shifts that tax practitioners must monitor in planning, compliance, and advisory contexts.
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The U.S. Supreme Court is set to hear what could become the biggest cases involving Donald Trump as president, a pair of constitutional clashes that could insulate chief executives from investigations while in office and add an explosive new element to the 2020 election campaign.
May 11
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Taxation of income from art sales is complicated by who, exactly, the seller is.
May 11
Erskine & Erskine LLC -
The Internal Revenue Service is giving taxpayers who want to receive their economic impact payments by direct deposit a tight deadline.
May 8
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The tax prep chain is offering consulting services starting at $99.
May 7
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The decision, prompted by requests from a bipartisan group of lawmakers, reverses previous IRS guidance.
May 7
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The guidance says some deductions of estates and non-grantor trusts are not considered to be miscellaneous itemized deductions.
May 7
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House Speaker Nancy Pelosi dismissed President Donald Trump’s call for a payroll tax cut and changes in the capital gains tax, saying it wouldn’t help millions of unemployed workers and others struggling in an economy shut down by the pandemic.
May 7
